STAMFORD, Conn., May 14, 2024
/PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR)
(along with its subsidiaries, "Charter") today announced that its
subsidiaries, Charter Communications Operating, LLC ("CCO") and
Charter Communications Operating Capital Corp. ("CCO Capital," and
together with CCO, the "Issuers"), have closed their offering of
$3.0 billion in aggregate principal
amount of notes consisting of the following securities:
- $1.5 billion in aggregate
principal amount of Senior Secured Notes due 2029 (the "2029
Notes"). The 2029 Notes bear interest at a rate of 6.100% per annum
and were issued at a price of 99.944% of the aggregate principal
amount.
- $1.5 billion in aggregate
principal amount of Senior Secured Notes due 2034 (the "2034 Notes"
and, together with the 2029 Notes, the "Notes"). The 2034 Notes
bear interest at a rate of 6.550% per annum and were issued at a
price of 99.755% of the aggregate principal amount.
The Notes were issued pursuant to an effective automatic shelf
registration statement on Form S-3 filed with the Securities and
Exchange Commission ("SEC").
Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan
Stanley & Co. LLC were Joint Book-Running Managers for the
senior secured notes offering. The offering was made only by means
of a prospectus supplement dated May 9,
2024 and the accompanying base prospectus, copies of which,
when available, may be obtained on the SEC's website at
www.sec.gov or by contacting Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone:
1-888-603-5847 or by emailing: barclaysprospectus@broadridge.com,
or by contacting Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146,
E-mail: prospectus@citi.com, or by contacting Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014; E-mail:
prospectus@morganstanley.com.
This news release is neither an offer to sell nor a solicitation
of an offer to buy the Notes and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation, or sale is unlawful.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading
broadband connectivity company and cable operator serving more than
32 million customers in 41 states through its Spectrum brand. Over
an advanced communications network, the Company offers a full range
of state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband products
and services coupled with special features and applications to
enhance productivity, while for larger businesses and government
entities, Spectrum Enterprise® provides highly
customized, fiber-based solutions. Spectrum Reach®
delivers tailored advertising and production for the modern media
landscape. The Company also distributes award-winning news coverage
and sports programming to its customers through Spectrum Networks.
More information about Charter can be found at
corporate.charter.com.
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SOURCE Charter Communications, Inc.